Source - LSE Regulatory
RNS Number : 8382O
Morgan Stanley & Co. Int'l plc
04 December 2024
 

AMENDMENT(2(a))

FORM 8.5 (EPT/RI)

 

PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY

Rule 8.5 of the Takeover Code (the "Code")

 

1.         KEY INFORMATION

 

(a) Name of exempt principal trader:

Morgan Stanley & Co. International plc

(b) Name of offeror/offeree in relation to whose relevant securities this form relates:

     Use a separate form for each offeror/offeree

Direct Line Insurance Group plc

(c) Name of the party to the offer with which exempt principal trader is connected:

Direct Line Insurance Group plc

(d) Date dealing undertaken:

02 December 2024

(e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?

     If it is a cash offer or possible cash offer, state "N/A"

YES- Aviva plc

 

2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER

 

Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

 

The currency of all prices and other monetary amounts should be stated.

 

(a)        Purchases and sales

 

Class of relevant security

Purchases/ sales

 

Total number of securities

Highest price per unit paid/received

Lowest price per unit paid/received

10 10/11p ordinary

PURCHASES

11,954,969

2.3660 GBP

2.2982 GBP

10 10/11p ordinary

SALES

3,578,770

2.3697 GBP

2.2960 GBP

 

(b)        Cash-settled derivative transactions

 

Class of relevant security

Product description

e.g. CFD

Nature of dealing

e.g. opening/closing a long/short position, increasing/reducing a long/short position

Number of reference securities

Price per unit

10 10/11p ordinary

CFD

increasing a long position

22,402

2.3134 GBP

10 10/11p ordinary

CFD

increasing a long position

195,191

2.3159 GBP

10 10/11p ordinary

CFD

increasing a long position

712

2.3184 GBP

10 10/11p ordinary

CFD

increasing a long position

9,412

2.3190 GBP

10 10/11p ordinary

CFD

increasing a long position

192

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

1,779

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

700

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

5,777

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

2,249

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

1,153

2.3192 GBP

10 10/11p ordinary

CFD

increasing a long position

38,611

2.3195 GBP

10 10/11p ordinary

CFD

increasing a long position

1,183

2.3195 GBP

10 10/11p ordinary

CFD

increasing a long position

47,674

2.3199 GBP

10 10/11p ordinary

CFD

increasing a long position

455

2.3200 GBP

10 10/11p ordinary

CFD

increasing a long position

364,685

2.3200 GBP

10 10/11p ordinary

CFD

increasing a short position

418

2.2982 GBP

10 10/11p ordinary

CFD

increasing a short position

301

2.3035 GBP

10 10/11p ordinary

CFD

increasing a short position

5,130

2.3076 GBP

10 10/11p ordinary

CFD

increasing a short position

53,085

2.3105 GBP

10 10/11p ordinary

CFD

increasing a short position

4,014

2.3117 GBP

10 10/11p ordinary

CFD

increasing a short position

213

2.3147 GBP

10 10/11p ordinary

CFD

increasing a short position

108,964

2.3168 GBP

10 10/11p ordinary

CFD

increasing a short position

529

2.3187 GBP

10 10/11p ordinary

CFD

increasing a short position

548

2.3193 GBP

10 10/11p ordinary

CFD

increasing a short position

9,212

2.3194 GBP

10 10/11p ordinary

CFD

increasing a short position

14,791

2.3194 GBP

10 10/11p ordinary

CFD

increasing a short position

2,816

2.3197 GBP

10 10/11p ordinary

CFD

increasing a short position

17,159

2.3197 GBP

10 10/11p ordinary

CFD

increasing a short position

3,587

2.3200 GBP

10 10/11p ordinary

CFD

increasing a short position

580

2.3200 GBP

10 10/11p ordinary

CFD

increasing a short position

1,627

2.3200 GBP

10 10/11p ordinary

CFD

increasing a short position

57,551

2.3202 GBP

10 10/11p ordinary

CFD

increasing a short position

37,852

2.3204 GBP

10 10/11p ordinary

CFD

increasing a short position

10,119

2.3212 GBP

10 10/11p ordinary

CFD

increasing a short position

8,662

2.3215 GBP

10 10/11p ordinary

CFD

increasing a short position

1,390

2.3216 GBP

10 10/11p ordinary

CFD

increasing a short position

7,787

2.3229 GBP

10 10/11p ordinary

CFD

increasing a short position

94,852

2.3274 GBP

10 10/11p ordinary

CFD

increasing a short position

803

2.3446 GBP

10 10/11p ordinary

CFD

increasing a short position

260

2.3500 GBP

10 10/11p ordinary

CFD

increasing a short position

41,971

2.3540 GBP

10 10/11p ordinary

CFD

increasing a short position

71,408

2.3551 GBP

10 10/11p ordinary

CFD

increasing a short position

633

2.3660 GBP

10 10/11p ordinary

CFD

reducing a long position

7,738

2.3165 GBP

10 10/11p ordinary

CFD

reducing a long position

19,909

2.3170 GBP

10 10/11p ordinary

CFD

reducing a long position

166,515

2.3198 GBP

10 10/11p ordinary

CFD

reducing a long position

21,780

2.3199 GBP

10 10/11p ordinary

CFD

reducing a long position

18,509

2.3199 GBP

10 10/11p ordinary

CFD

reducing a long position

38,611

2.3200 GBP

10 10/11p ordinary

CFD

reducing a long position

1

2.3240 GBP

10 10/11p ordinary

CFD

reducing a long position

27

2.3248 GBP

10 10/11p ordinary

CFD

reducing a long position

59,292

2.3270 GBP

10 10/11p ordinary

CFD

reducing a long position

2,252

2.3297 GBP

10 10/11p ordinary

CFD

reducing a long position

5,605,089

2.3500 GBP

10 10/11p ordinary

CFD

reducing a long position

4,373,312

2.3500 GBP

10 10/11p ordinary

CFD

reducing a long position

712

2.3621 GBP

10 10/11p ordinary

CFD

reducing a short position

1,522

2.3010 GBP

10 10/11p ordinary

CFD

reducing a short position

10,119

2.3086 GBP

10 10/11p ordinary

CFD

reducing a short position

3,332

2.3134 GBP

10 10/11p ordinary

CFD

reducing a short position

142,774

2.3143 GBP

10 10/11p ordinary

CFD

reducing a short position

236,570

2.3147 GBP

10 10/11p ordinary

CFD

reducing a short position

28,428

2.3148 GBP

10 10/11p ordinary

CFD

reducing a short position

41,892

2.3168 GBP

10 10/11p ordinary

CFD

reducing a short position

5,289

2.3169 GBP

10 10/11p ordinary

CFD

reducing a short position

3,587

2.3180 GBP

10 10/11p ordinary

CFD

reducing a short position

98

2.3180 GBP

10 10/11p ordinary

CFD

reducing a short position

9,961

2.3186 GBP

10 10/11p ordinary

CFD

reducing a short position

593,796

2.3188 GBP

10 10/11p ordinary

CFD

reducing a short position

30,462

2.3188 GBP

10 10/11p ordinary

CFD

reducing a short position

4,045

2.3192 GBP

10 10/11p ordinary

CFD

reducing a short position

6,226

2.3192 GBP

10 10/11p ordinary

CFD

reducing a short position

24,091

2.3193 GBP

10 10/11p ordinary

CFD

reducing a short position

318,399

2.3194 GBP

10 10/11p ordinary

CFD

reducing a short position

29,748

2.3194 GBP

10 10/11p ordinary

CFD

reducing a short position

37,812

2.3198 GBP

10 10/11p ordinary

CFD

reducing a short position

65,943

2.3200 GBP

10 10/11p ordinary

CFD

reducing a short position

4,790

2.3200 GBP

10 10/11p ordinary

CFD

reducing a short position

161,700

2.3200 GBP

10 10/11p ordinary

CFD

reducing a short position

70

2.3200 GBP

10 10/11p ordinary

CFD

reducing a short position

3,300

2.3202 GBP

10 10/11p ordinary

CFD

reducing a short position

1,700

2.3202 GBP

10 10/11p ordinary

CFD

reducing a short position

2,484

2.3204 GBP

10 10/11p ordinary

CFD

reducing a short position

260

2.3420 GBP

10 10/11p ordinary

CFD

reducing a short position

14,550

2.3510 GBP

10 10/11p ordinary

CFD

reducing a short position

1,839

2.3697 GBP

 

(c)        Stock-settled derivative transactions (including options)

 

(i)         Writing, selling, purchasing or varying

 

Class of relevant security

Product description e.g. call option

Writing, purchasing, selling, varying etc.

Number of securities to which option relates

Exercise price per unit

Type

e.g. American, European etc.

Expiry date

Option money paid/ received per unit

N/A

N/A

N/A

N/A

N/A

N/A

N/A

N/A

 

(ii)        Exercise

 

Class of relevant security

Product description

e.g. call option

Exercising/ exercised against

Number of securities

Exercise price per unit

N/A

N/A

N/A

N/A

N/A

 

(d)        Other dealings (including subscribing for new securities)

 

Class of relevant security

Nature of dealing

e.g. subscription, conversion

Details

Price per unit (if applicable)

N/A

N/A

N/A

N/A

 

3.         OTHER INFORMATION

 

(a)        Indemnity and other dealing arrangements

 

Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:

Irrevocable commitments and letters of intent should not be included.  If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

(b)        Agreements, arrangements or understandings relating to options or derivatives

 

Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:

(i)  the voting rights of any relevant securities under any option; or

(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:

If there are no such agreements, arrangements or understandings, state "none"

NONE

 

 

 

Date of disclosure:

04 December 2024

Contact name:

Craig Horsley

Telephone number:

+44 141 245-7736

 

Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. 

 

The Panel's Market Surveillance Unit is available for consultation in relation to the Code's dealing disclosure requirements on +44 (0)20 7638 0129.

 

The Code can be viewed on the Panel's website at www.thetakeoverpanel.org.uk.

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